After a weak start to trading, the German stock market noticeably curbed its losses on Friday. The Dax made up for its losses almost completely at times, most recently in the early afternoon it was again down 0.35 percent at 15,207.26 points. Above all, utilities and defensive stocks were ahead.
After a weak start to trading, the German stock market noticeably curbed its losses on Friday. The Dax made up for its losses almost completely at times, most recently in the early afternoon it was again down 0.35 percent at 15,207.26 points. Above all, utilities and defensive stocks were ahead.
Investors are still very nervous and only use the price weakness for very selected purchases, said market observer Andreas Lipkow from Comdirect: “The overall situation remains fragile.” Many speculative investors are also on the way, who closed their positions before the weekend.
The MDax of the medium-sized stock market values, which had temporarily fallen below the mark of 34,000 points to a low since July, was able to catch up significantly on Friday – it was last listed 0.37 percent lower at 34,242.130 points. The leading index of the euro zone EuroStoxx 50 recently posted a minus of 0.16 percent at 4041.72 points, after it had also fallen to a low for more than two months in early trading.
Before the weekend, the euro stabilized above the 14-month low reached the night before. The common currency was priced at $ 1.1603 on Friday afternoon. The European Central Bank (ECB) set the reference rate on Thursday at $ 1.1579.
The current yield on the bond market fell from minus 0.30 percent the previous day to minus 0.31 percent. The Rex bond index rose slightly by 0.06 percent to 144.50 points. The Bund future rose by 0.29 percent to 170.51 points.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
